A US judge has ruled that American Airlines’ partnership with investment firm BlackRock, which hired ‘ESG activist’ groups to influence its policies, unfairly harmed employees. The airline had signed an agreement with the firms in 2021, following a campaign by activists who pushed for sustainability and social responsibility measures. The court found that the deal breached state law, stating that American Airlines failed to provide adequate notice of the changes made as a result of the partnership with BlackRock.
Source: https://www.ft.com/content/5660124d-1486-4e5b-b67a-0b59fd960773